Big Fish purchased by Aristocrat Leisure for $900 Million

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  • (Reuters) - Gaming machine maker Aristocrat Leisure Ltd (ALL.AX) said on Thursday it will acquire Seattle-based gaming company Big Fish Games, a unit of Churchill Downs (CHDN.O), for $990 million in cash to increase its social gaming footprint.

    Aristocrat Leisure expects the acquisition to be earnings accretive in the first full year of ownership.

    “Big Fish’s digital-first social casino content and industry-leading meta-game capability and applications are highly complementary to Aristocrat’s existing and industry-leading land based digital content business,” said Trevor Croker, chief executive officer of Aristocrat.

    Aristocrat recently acquired social gaming company Plarium Global Ltd for $500 million in cash in a bid to expand its social casino business.

    Aristocrat will fund the acquisition of Big Fish Games via existing cash and an incremental $890 million loan facility.

    In a separate statement, Churchill Downs said the deal had been approved by its board of directors.

    Aristocrat also announced a 41 percent rise in full-year reported net profit to A$495.1 million ($374.7 million), beating analysts’ average estimate of A$385.8 million, according to Thomson Reuters I/B/E/S.
  • https://www.seattletimes.com/business/technology/seattle-based-big-fish-games-being-sold-for-990m-to-australian-firm/

    "“This acquisition is about growth,” the Aristocrat spokeswoman said. Big Fish will operate largely independently and will report to Aristocrat’s chief strategy officer."

    I wouldn't expect this to cause much change at all.
  • sirolk99sirolk99 Member
    edited December 1
    I wouldn't expect this to cause much change at all.

    The article you linked also says:
    "There are no plans for Big Fish to move from Seattle or for layoffs, an Aristocrat spokeswoman said."


    So here's hoping DB is around next year and Joel/Eej still have jobs.
  • This explains all the cash grab "deals."
  • @Kegman913 so you think the new owners are pushing these on us?
  • JoelJoel Member, Administrator, Moderator, Boss Fight
    edited December 1
    The recently announced sale of Big Fish Games to Aristocrat will have no impact on Dungeon Boss. Big Fish will continue to provide the great games they do today, which aligns with Aristocrat’s mission to “provide great gaming experiences, every day.” :)

    Also, or clarification, Eej and I work for Boss Fight Entertainment. Big Fish is our publishing partner. The only 'blue' poster on the forum who is from Big Fish is @Victoria. We have a little 'Boss Fight' and 'Big Fish' next to our names for reference.
    Joel | Community Manager | Boss Fight Entertainment
    www.bossfightentertainment.com
  • Joel wrote: »
    Also, or clarification, Eej and I work for Boss Fight Entertainment. Big Fish is our publishing partner.
    Glad to hear that! :)
  • danacdanac Member
    bvs72 wrote: »
    Does that make Victoria the Boss?

    It makes her the big fish in the little pond
  • FatCat69FatCat69 Member
    edited December 2
    I’ve seen the movie called The Aristocrats. I’m not sure what this portends for the future.
  • FatCat69 wrote: »
    I’ve seen the movie called The Aristocrats. I’m not sure what this portends for the future.

    Ive heard the joke the aristocrats..
  • wolfstuff wrote: »
    Ive heard the joke the aristocrats..

    There's a movie about that too...

  • NoArms wrote: »
    wolfstuff wrote: »
    Ive heard the joke the aristocrats..

    There's a movie about that too...
    But have you heard the Aristocrats Joke?!
  • JackHallow666JackHallow666 Member, Dungeon Boss Guru, Volunteer Moderator
    NoArms wrote: »
    wolfstuff wrote: »
    Ive heard the joke the aristocrats..

    There's a movie about that too...
    But have you heard the Aristocrats Joke?!

    So this is what they mean by ‘echo chamber’...
    Level: 70
    Favorite hero: Hansuke
    Currently: Waiting for new PvE content and the PvP revamp.
  • danacdanac Member
    NoArms wrote: »
    wolfstuff wrote: »
    Ive heard the joke the aristocrats..

    There's a movie about that too...
    But have you heard the Aristocrats Joke?!

    So this is what they mean by ‘echo chamber’...

    echo chamber?
  • sirolk99 wrote: »
    @Kegman913 so you think the new owners are pushing these on us?

    No. It was likely Big Fish requested all their projects to increase revenue so as to sell the company for more money. Whether that continues is another story.
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